Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,311 shares of the insurance provider’s stock after buying an additional 376 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Cincinnati Financial were worth $2,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd grew its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $50,000. Finally, Kentucky Trust Co acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $51,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm raised their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $145.30 on Friday. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.73. The stock has a 50-day moving average of $140.80 and a 200 day moving average of $143.26. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s payout ratio is 37.95%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.